Mortgage Updates

May 22, 2024

Mortgage Rates and Monthly Payments

How much will your monthly mortgage payment be?

Here are the current mortgage rates with the monthly payment amount, per $100,000 of outstanding principal.  Mortgage rate tables provided by Alan Gilman with Dominion Lending Centres The Mortgage Source 613-552-1572.

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Mortgage Rates and ...

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Feb. 29, 2024

Download the #1 Mortgage App in Canada

download the number one mortgage app in Canada

Want the Best Mortgage App in Canada on Your Phone?

Calculate your total cost of owning a home, Estimate the minimum down payment you need, Calculate Land transfer taxes and the available rebates, Calculate the maximum loan you can borrow.

Download App Below

Choose for Your Apple or Android Device ...

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Posted in Mortgage Updates
Feb. 29, 2024

6 Month Promo Mortgage Rate of 4.49%

mortgage promo rate od 4.49%

6-Month Mortgage Rate Rate Promotion

Would you like a 6 Month Initial Term for 4.49%?

If you are either purchasing a property or are looking to transfer/renew your existing mortgage, we have access to a great promotional product/rate for you.

In a nutshell:

  • Your 1st 6 months ...
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Posted in Mortgage Updates
Oct. 5, 2022

Is Canada in a Mortgage Crisis or a Bank Failure?

Is a 5% mortgage rate too high? Is there really a housing crisis? Are we blind to history?

These are 3 questions we will try to help you understand in this short movie.

For the last 5 or 6 months, house prices have been in decline, but then, in September ...

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Dec. 21, 2021

Real Estate & Mortgage Predictions 2022

This report covers the real estate predictions as well as the mortgage predictions

Market predictions for the Ottawa Market 2022 and into 2023

Patrick Walchuk gives you the predictions of where the Ottawa Market will go, as well as some information about the rental market, immigration and employment in the ...

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April 14, 2021

Mortgage Market, Rates and Stress Test changes, April 2021

Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from OttawaMortgaeShop.com gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

  • Variable Rate Mortgage Today ...
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March 17, 2021

Current Mortgage Market, rates and buyer questions

Marc Menard from OttawaMortgageShop.com gives us an update on current mortgage rates and answers questions that buyers ask most often.

Time stamps

0:00 Intro

0:25 Current mortgage rates for 3 and 5 year variable and fixed terms

1:41 Where are mortgage rates heading in 2021, looking ...

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Posted in Mortgage Updates
March 17, 2021

Who sets mortgage rates and do bonds affect rates?

Who sets the mortgage rates and what influences the current rates we see?

Eric Fabien from OttawaMortgageShop.com talks to Patrick Walchuk and they discuss who sets the mortgage rates, how they set them and what influences the changes in mortgage rates.

Timestamps

0:00 Intro

0:44 Who determines ...

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Posted in Mortgage Updates
Oct. 17, 2017

New Mortgage Rules In Effect January 1st 2018!

New Rules In Effect Jan. 1st Will Affect Your Buying Power & Your Ability To Refinance Your Home!

I heard that the new stress test will devalue what someone can afford by 21%. So if one planned to buy a house at $400,000, they may be looking at just ...

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May 8, 2017

25 Year Mortgage, Payment Breakdown

How much Principal are you really paying towards your mortgage versus Interest?

This is a real-life scenario, using the actual Average Price for a home as of May 2017. We are using a 25 year Amortization for a Mortgage with an Interest Rate of 2.8% & a 5 Year ...

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Posted in Mortgage Updates